{"id":162891,"date":"2022-08-30T13:37:54","date_gmt":"2022-08-30T13:37:54","guid":{"rendered":"https:\/\/precoinnews.com\/?p=162891"},"modified":"2022-08-30T13:37:54","modified_gmt":"2022-08-30T13:37:54","slug":"indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million\/","title":{"rendered":"Indonesian e-commerce giant buys local crypto exchange for $8 million"},"content":{"rendered":"

Indonesian tech company PT GoTo Gojek Tokopedia Tbk (GoTo) bought PT Kripto Maksima Koin,\u00a0a local crypto exchange, in a bid to diversify its assets. The deal makes a landmark in the merging of mainstream and crypto in the fourth most populated country in the world.\u00a0<\/p>\n

As reported by Reuters, the sum of the acquisition of 100% shares by the country\u2019s \u201cbiggest tech firm\u201d came to 124.84 billion rupiahs ($8.38 million). The deal was finalized on Aug. 25, according to Indonesian media. <\/p>\n

GoTo didn\u2019t reveal any specific plans for PT Kripto Maksima Koin\u2019s further development, but in an official statement, its representatives explained a deal as part of its effort to “a diverse money management hub.”<\/p>\n

PT Kripto Maksima Koin is one of the 25 crypto platforms licensed by Indonesia’s Commodity Futures Trading Regulatory Agency (BAPPEBTI). It received the license relatively recently, on Jan. 28, 2022. <\/p>\n

Earlier this year, GoTo, which had been formed as a result of a merge between a local e-commerce leader and an on-demand multi-service platform, conducted its initial public offering (IPO), raising $1.1 billion. <\/p>\n

Related:<\/em><\/strong> Mastercard partners with crypto gateway to drive financial inclusion in Indonesia<\/em><\/strong><\/p>\n

According to Reuters data, in 2021 total transaction volume of the crypto assets in Indonesia rose more than 1,000% compared to 2020, to 859.4 trillion rupiahs ($57.7 billion). Roughly 4% of the country\u2019s population, which is a little under 11 million people, have been investing in crypto. <\/p>\n

In recent years, the country saw a rising tide of celebrity coins and non-fungible token (NFT) projects, with regulators\u2019 having to weigh in in a mild manner \u2014 BAPPEBTI has been repeatedly warning the population about the risks of investing in non-registered digital assets, but at the same time, it got along without harsh prosecution, involving even the non-registered providers in a dialogue.\u00a0<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Indonesian tech company PT GoTo Gojek Tokopedia<\/p>\n","protected":false},"author":3,"featured_media":162890,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nIndonesian e-commerce giant buys local crypto exchange for $8 million - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indonesian e-commerce giant buys local crypto exchange for $8 million - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Indonesian tech company PT GoTo Gojek Tokopedia\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-30T13:37:54+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/08\/Indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million\/\",\"name\":\"Indonesian e-commerce giant buys local crypto exchange for $8 million - 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